DOGEUSDTheJW did this NEWS just erase 4.5% from the WHOLE crypto market? no I'm sure it's the upcoming fed meeting 😄
"Risk-off is the theme as DeepSeek scares investors," market analyst Adam Kobeissi posted to X, pointing to the crypto and bitcoin price sell-off that's seen ethereum rival solana drop 10%.
Nasdaq 100 futures are now down -330 points since the market opened just hours ago as DeepSeek takes #1 on the App Store. This is how you know DeepSeek has become a major threat to U.S. large cap tech," Kobeissi's market advisory service account posted.